2 years on rocket

16164 Monica St, Detroit, MI, 48221

$4,500

Home List Price

$53*

Closing Credit

2 Bedrooms
1 Full Bath
801 SqFt
$6/SqFt
House

Location

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16164 Monica St, Detroit$4,500

Buyer Closing Credits

$53*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1926
HeatingForced Air, Natural Gas
BasementYes
MLS #20221046759
Lot Size0.09 Acres
StatusActive

About 16164 Monica St

Welcome to the latest offering from the Detroit Land Bank Authority. 2 bedroom frame home just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1926
  • Living Area: 801 SqFt

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Trina Ellis, Gene Kelley II

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Livernois to Puritan and right on Monica

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,500
  • Price Per SqFt: $6/SqFt

Tax Information:

  • Annual Amount: $416
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

16164 Monica St vs Detroit

794 DAYS ON ROCKET

+745 Days

$4,500

-$80.5K Less

$6/SqFt

-$62 Less

KEY TAKEAWAY

This property is $80.5K less than the Median Sold Price and $62/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20221046759

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Trina Ellis, Gene Kelley II

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 4:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$416$9,700
2020 - $8,400

History based on county public records data.

Payment Calculator

$90

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$80

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3822284
3
/10

  • Bagley Elementary School of Journalism and Technology

  • 8100 Curtis St

  • 1.07 miles

  • Public District Grades PK-6

school-card-donut-3822285
1
/10

  • Adamsyoung Building

  • 13130 Grove St

  • 1.62 miles

  • Public Charter Grades KG-5

school-card-donut-3822286
2
/10

  • Pasteur Elementary School

  • 19811 Stoepel St

  • 1.89 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,786. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16164 Monica St

What is the listing price of this property?

The listing price of 16164 Monica St property is $4,500.

What type of property is this?

The property 16164 Monica St is a house located in Detroit, Michigan, 48221.

Is this property for sale now?

Active Listing: 16164 Monica St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $416 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 16164 Monica St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 16164 Monica St is 801 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16164 Monica St is 1926.

Rocket Homes›Michigan›Wayne County›Detroit›48221›16164 Monica St

This home is located at 16164 Monica St in Detroit, MI and zip code 48221 in the Fitzgerald neighborhood. This 801 square foot home, which was built in 1926, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 01, 2022 and is currently priced at $4,500.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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